Table 2 Benefit and cost of carbon...

Table 2

Benefit and cost of carbon additionality from the modeled 62,742-ha working forest during a 20-year crediting period

	Timber harvest (1,000 m³)			Forest stock (1,000 m³)			Marginal growth (1,000 m³)			Carbon cash flow (million $)
Year	BSL	IFM10	IFM5	BSL	IFM10	IFM5	BSL	IFM10	IFM5	BSL	IFM10	IFM5
2023				18730.0	18730.0	18730.0
2024	1233.4	996.9	1152.1	18560.3	18785.4	18641.3	−169.7	55.4	−88.7	−4.7	−2.8	−4.1
2025	1233.4	996.9	1152.1	18422.6	18869.7	18585.8	−137.7	84.2	−55.6	−4.6	−2.7	−3.9
2026	1233.4	996.9	1152.1	18294.0	18962.8	18544.9	−128.5	93.1	−40.9	−4.5	−2.6	−3.8
2027	1233.4	996.9	1152.1	18164.3	19059.2	18505.0	−129.8	96.4	−39.9	−4.5	−2.6	−3.8
2028	1233.4	996.9	1152.1	18029.9	19160.5	18464.7	−134.3	101.3	−40.3	−4.5	−2.6	−3.8
2029	1233.4	996.9	1152.1	17884.7	19260.0	18418.0	−145.3	99.5	−46.7	−4.6	−2.6	−3.8
2030	1233.4	897.2	1152.1	17729.6	19452.7	18356.9	−155.0	192.7	−61.1	−4.7	−1.8	−3.9
2031	1233.4	897.2	1152.1	17558.2	19643.0	18279.3	−171.5	190.3	−77.6	−4.7	−1.8	−4.0
2032	1233.4	897.2	1152.1	17437.0	19827.3	18244.6	−121.2	184.3	−34.7	−4.5	−1.8	−3.8
2033	1233.4	897.2	1152.1	17258.5	19997.1	18162.7	−178.5	169.8	−81.9	−4.8	−1.9	−4.0
2034	1233.4	897.2	1152.1	17070.7	20135.2	18059.4	−187.8	138.1	−103.3	−4.8	−2.1	−4.1
2035	1233.4	897.2	1152.1	16876.6	20234.2	17944.6	−194.1	99.0	−114.8	−4.9	−2.3	−4.2
2036	1233.4	897.2	1152.1	16658.7	203020	17818.6	−218.0	67.8	−125.9	−5.0	−2.5	−4.3
2037	1233.4	996.9	1152.1	16432.6	20244.5	17665.6	−226.0	−57.5	−153.1	−5.0	−3.4	−4.4
2038	1233.4	996.9	1152.1	16182.8	20187.8	17516.4	−249.8	−56.7	−149.2	−5.2	−3.4	−4.4
2039	1233.4	996.9	1152.1	15963.1	20135.6	17363.9	−219.7	−52.2	−152.5	−5.0	−3.4	−44
2040	1233.4	996.9	1152.1	15743.0	20049.5	17206.8	−220.1	−86.1	−157.2	−5.0	−3.6	−4.4
2041	1233.4	996.9	1152.1	15519.4	19949.1	17048.2	−223.6	−100.4	−158.6	−5.0	−3.6	−4.4
2042	1233.4	996.9	1152.1	15293.0	19840.0	16882.9	−226.4	−109.1	−165.3	−5.0	−3.7	−4.5
2043	1233.4	996.9	1152.1	15061.3	19727.0	16714.5	−231.7	−113.0	−168.4	−5.1	−3.7	−4.5
NPV (million $)	339.7	258.9	316.9							−59.3	−33.0	−50.6
ΔNPV (million $)		80.8	22.7								26.3	8.7
BCR		0.33	0.38

	Timber harvest (1,000 m³)			Forest stock (1,000 m³)			Marginal growth (1,000 m³)			Carbon cash flow (million $)
Year	BSL	IFM10	IFM5	BSL	IFM10	IFM5	BSL	IFM10	IFM5	BSL	IFM10	IFM5
2023				18730.0	18730.0	18730.0
2024	1233.4	996.9	1152.1	18560.3	18785.4	18641.3	−169.7	55.4	−88.7	−4.7	−2.8	−4.1
2025	1233.4	996.9	1152.1	18422.6	18869.7	18585.8	−137.7	84.2	−55.6	−4.6	−2.7	−3.9
2026	1233.4	996.9	1152.1	18294.0	18962.8	18544.9	−128.5	93.1	−40.9	−4.5	−2.6	−3.8
2027	1233.4	996.9	1152.1	18164.3	19059.2	18505.0	−129.8	96.4	−39.9	−4.5	−2.6	−3.8
2028	1233.4	996.9	1152.1	18029.9	19160.5	18464.7	−134.3	101.3	−40.3	−4.5	−2.6	−3.8
2029	1233.4	996.9	1152.1	17884.7	19260.0	18418.0	−145.3	99.5	−46.7	−4.6	−2.6	−3.8
2030	1233.4	897.2	1152.1	17729.6	19452.7	18356.9	−155.0	192.7	−61.1	−4.7	−1.8	−3.9
2031	1233.4	897.2	1152.1	17558.2	19643.0	18279.3	−171.5	190.3	−77.6	−4.7	−1.8	−4.0
2032	1233.4	897.2	1152.1	17437.0	19827.3	18244.6	−121.2	184.3	−34.7	−4.5	−1.8	−3.8
2033	1233.4	897.2	1152.1	17258.5	19997.1	18162.7	−178.5	169.8	−81.9	−4.8	−1.9	−4.0
2034	1233.4	897.2	1152.1	17070.7	20135.2	18059.4	−187.8	138.1	−103.3	−4.8	−2.1	−4.1
2035	1233.4	897.2	1152.1	16876.6	20234.2	17944.6	−194.1	99.0	−114.8	−4.9	−2.3	−4.2
2036	1233.4	897.2	1152.1	16658.7	203020	17818.6	−218.0	67.8	−125.9	−5.0	−2.5	−4.3
2037	1233.4	996.9	1152.1	16432.6	20244.5	17665.6	−226.0	−57.5	−153.1	−5.0	−3.4	−4.4
2038	1233.4	996.9	1152.1	16182.8	20187.8	17516.4	−249.8	−56.7	−149.2	−5.2	−3.4	−4.4
2039	1233.4	996.9	1152.1	15963.1	20135.6	17363.9	−219.7	−52.2	−152.5	−5.0	−3.4	−44
2040	1233.4	996.9	1152.1	15743.0	20049.5	17206.8	−220.1	−86.1	−157.2	−5.0	−3.6	−4.4
2041	1233.4	996.9	1152.1	15519.4	19949.1	17048.2	−223.6	−100.4	−158.6	−5.0	−3.6	−4.4
2042	1233.4	996.9	1152.1	15293.0	19840.0	16882.9	−226.4	−109.1	−165.3	−5.0	−3.7	−4.5
2043	1233.4	996.9	1152.1	15061.3	19727.0	16714.5	−231.7	−113.0	−168.4	−5.1	−3.7	−4.5
NPV (million $)	339.7	258.9	316.9							−59.3	−33.0	−50.6
ΔNPV (million $)		80.8	22.7								26.3	8.7
BCR		0.33	0.38

Note(s): BSL for the baseline scenario, IFM5 for the 5-year rotation extension scenario, IFM10 for the 10-year rotation extension scenario, NPV for net present value, and BCR for benefit-cost ratio. NPV is calculated using the economic data in Table 1

Source(s): Authors’ own creation

[ViewLarge]

Sharing Unavailable